n Personal Finance Newsletter - Economists vs. investors : who's right on inflation? : interest rates

Volume 2008, Issue 331
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Financial and retail stocks drove the market almost 4% stronger in one day (17 July 2008) as traders continue to ride the wave of optimism about the Monetary Policy's decision on interest rates this month. The optimism comes after claims by Investec Asset Management that Statistics South Africa (StatsSA) has overstated consumer inflation by as much as two percentage points because it has dragged its heels on the implementation of the new weightings.

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